Accsys Technologies (LON:AXS) Stock Price Up 10.3% – Time to Buy?

Accsys Technologies PLC (LON:AXS) shares rose 10.3% during mid-day trading on Tuesday . The company traded as high as GBX 43 ($0.54) and last traded at GBX 43 ($0.54). Approximately 217,432 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 140,744 shares. The stock had previously closed at GBX 39 ($0.49).

Accsys Technologies Stock Up 10.3 %

The firm’s 50-day simple moving average is GBX 43.81 and its two-hundred day simple moving average is GBX 47.62. The company has a market capitalization of £123.97 million, a price-to-earnings ratio of -6.86 and a beta of 1.32. The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59.

Insider Buying and Selling

In related news, insider Louis Eperjesi purchased 21,000 shares of the firm’s stock in a transaction on Thursday, November 28th. The shares were bought at an average price of GBX 47 ($0.59) per share, for a total transaction of £9,870 ($12,455.83). 27.89% of the stock is currently owned by insiders.

Accsys Technologies Company Profile

Accsys is a fast growing business with a purpose.

We combine chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment.

By doing so, we give the world a choice to build sustainably.

We use fast growing, sustainably sourced timber to create long life wood products with properties that can compete with traditional non-sustainable building materials, such as tropical hardwoods, metal, plastic and concrete.

Our acetylation process boosts the already naturally occurring acetyl content of wood and by doing so, reduces the ability of the wood to absorb water, rendering it more dimensionally stable and because it is no longer digestible, extremely durable.

Our process is extremely efficient and locks carbon into a long-life product.